PROPERTY TRANSFERS Nov. 20, 2006 - Nov. 24, 2006
1. A house on 1.4 acres at 21 Hinckley Lane sold to Richard J. Glidden, Trustee of Finard Hinkley Lane Realty Trust of Wellesley, Mass. from Rhoda H. Weinman, Trustee of Barry and Spencer Realty Trust of Nantucket, Mass. for $9,785,000. The property is assessed at $5,719,100. The land bank fee is $195,700.

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2. A house on .12 of an acre at 24 East Lincoln Ave. sold to 101 Surfside Road Realty Trust of Wellesley, Mass. from James Riesenbach and Deborah Riesenbach of Newport Coast, Calif. for $1,980,500. The property is assessed at $1,395,900. The land bank fee is $39,610.

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3. A vacant lot, Lot 8, at 72 North Liberty St. sold to Philip J. Minella of Nantucket, Mass. from Robert L. Taylor and Deborah A. Taylor of Nantucket, Mass. for $1,800,000. The property's assessed value is unavailable. The land bank fee is $36,000.

4 4. A vacant lot, Lot 6, on Hydrangea Lane, sold to Seymour Neuman, Trustee of Lot 6 Hydrangea Lane Nominee Trust of Beverly Hills, Calif. from Sconset Hydrangea, LLC, for $1,100,000. The property's assessed value is unavailable. The land bank fee is $22,000.

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5. A house on 2.8 acres at 42 Monohansett Road sold to David Wain and Donovan Kerr of Nantucket, Mass. from Michael A. Goode, Commissioner in Partition Nantucket Probate Division of the Trial Court Case No. 05E, 0002PP of Nantucket, Mass. for $1,010,000. The property is assessed at $1,097,600. The land bank fee is $12,200 and the exemption is M.

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6. A house on .45 of an acre at 4 Swayzes Drive sold to Mark Godfrey of Nantucket, Mass. from James H. Shaw of Nantucket, Mass. for $880,000. The property is assessed at $714,200. The land bank fee is $17,600.

7. Ahouse on .06 of an acre at 8 North Gully Road sold to Lauri Lejeune and Paul Benk of Bedminster, N.J. from Timothy M. Soverino and Catherine Soverino of Nantucket, Mass. for $860,000. The property is assessed at $1,140,700. The land bank fee is $17,200. 8. A condominium unit, Unit 1, at Penny Lane Condominium on a portion of 43 Miacomet Avenue, Lot 1, Plan 06-39, sold to Arlene O'Reilly of Nantucket, Mass. from Diana Kim England of Nantucket, Mass. for $750,000. The property's assessed value is unavailable. The land bank fee is $15,000.

9. A house, Unit C, at 40 Nobadeer Farm Road sold to Michael Vallee of Ashland, Mass. from Nantucket Properties, LLC, of Sherborn, Mass. for $735,000. The property's assessed value is unavailable. The land bank fee is $14,700.

10. A house, Unit 1, at 2 Cartwright Place sold to Gregorio Partida and Grasiela V. Partida of Nantucket, Mass. from Benjamin H. Cartwright of Nantucket, Mass. for $735,000. The property's assessed value is unavailable. The land bank fee is $6,700 and the exemption is M.

11. A condominium unit, Unit 2, at Penny Lane Condominium on a portion of 43 Miacomet Avenue, Lot 1, Plan 06-39, sold to Jill Mooradian of Nantucket, Mass. from Diana Kim England of Nantucket, Mass. for $370,000. The property's assessed value is unavailable. The land bank fee is $7,400.

12. A house on .64 of an acre at 3 Goose Cove Ave. sold to Patricia A. Kelleher and Jill L. McKinney of Brookline, Mass. from Debra L.S. Sidorowicz of Norwood, Mass. for $40,000. The property is assessed at $825,200. The land bank fee is $800.

13. A house on 1.1 acres at 25 Masaquet Ave. sold to Cantrall Family, LLC, of Nantucket, Mass. from Margo L. Cantrall, Trustee, of Santa Fe, N.M. for $1. The property is assessed at $1,287,100. The land bank exemption is I. 14. A vacant lot on .30 of an acre at 68 North Liberty St. sold to Robert L. Taylor and Deborah E. Taylor of Nantucket, Mass. from Philip J. Minella of Nantucket, Mass. for $1. The property is assessed at $3,504,600. The land bank exemption is B.

15. A vacant lot on 1.8 acres at 135 Hummock Pond Road sold to Robert W. McGrady of Nantucket, Mass. from Robert W. McGrady and Theresa M. McGrady of Nantucket, Mass. for $0. The property is assessed at $647,700. The land bank exemption is K.

16. A house at 21 Hinkley Lane sold to Andrea S. Finard, Todd B. Finard, Trustees of 21 Hinckley Lane Realty Trust of Wellesley, Mass. from Richard J. Glidden, Trustee of Finard Hinckley Lane Realty Trust of Wellesley, Mass. for $0. The property is assessed at $5,719,100. The land bank exemption is D.

17. A house at 11 Capaum Pond Road sold to David T. Ditmars, Elizabeth Van Nes Ditmars and Frank Rothier Ditmars, Jr. from David Thompson Ditmars, Trustee of the Exemption Trust of the Ditmars Trust of Pacific Palisades, Calif. for $0. The property's assessed value is unavailable. The land bank exemption is D.

18. A house at 11 Capaum Pond Road sold to Elizabeth Van Nes Ditmars, Trustee of the Capaum House Nominee Trust of Berkeley, Calif. from Elizabeth Van Nes Ditmars, David T. Ditmars and Frank Rothier Ditmars, Jr. of Berkeley, Calif. for $0. The property's assessed value is unavailable. The land bank exemption is D.

19. A house on .82 of an acre at 53 Meadow View Drive sold to Veronica Hart McNamara (wife) of West Hartford, Conn. from F. Timothy McNamara of West Hartford, Conn. for $0. The property is assessed at $866,500. The land bank exemption is C.

The Nantucket Islands Land Bank gained $384,910 in transfer tax fees for the week ending Nov. 25. For 2006, the Land Bank gained an estimated total of $16,606,383.26 in transfer fees. Land bank income is derived mostly from the collection of a two-percent transfer tax on real estate transactions, subject to certain exemptions. The land bank acquires, holds, and manages land for open space and recreation on Nantucket. Other revenue sources include investments, private contributions, leasing of the Lily Pond Cottage at 15 North Liberty St., and properties at 2 Massasoit Bridge Road, 159 Hummock Pond Road, and 22 Broad St.

NOTES ON EXEMPTIONS Many of the property transfers recorded with the Land Bank are exempt from the 2-percent transfer fee using one of 13 exemptions allowed by the Land Bank Act as follows: A: transfer to government entity. B: transfer which, without additional consideration, confirms, corrects, modifies, or supplements a previously made transfer. C: transfer made as a gift without consideration. D: certain transfers to and from a trust, E; transfer via death or bankruptcy. F: transfer made in partition of land and improvements. G: transfer to charitable organizations. H: transfer to a mortgagee in foreclosure of the mortgage. I: certain transfers made to or within a corporation or partnership. J: certain transfers out of a corporation or partnership. K: transfer due to divorce. L: transfer of property that is partially personal property and partially real property. M: certain first-time property buyers (applies to the first $400,000). The above explanations are abbreviated because the language explaining these exemptions is too lengthy to print in this section every week. If you're curious about a certain exemption, go to the Nantucket Islands Land Bank Web site for complete information on the exemptions and the land bank's governing bylaws: http://www.nantucketlandbank. org. Or visit the office at 22 Broad St.

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